201901426 - Laserfiche WebLink

Browse

201901426 elect the officers. The Executive Board members and officers shall take office upon election. (b) Declarant reserves, without assent of owners of units, the right to establish easements, reservations, exceptions and exclusions consistent with the condominium ownership and for the best interests of all the owners in the condominium, and to supplement or amend this Master Deed and Declaration, or as amended, or the attached By -Laws or as amended, until Declarant releases control of the Association as set forth in (a) of this Article. (c) Declarant further reserves the right to add to the condominium up to Sixty-two (62) more units and a clubhouse to the condominium. Declarant further reserves the right to add additional lands or lots, being Lot Two (2), Block One (1); Lots One (1) and Two (2), Block TWo (2); Lots One (1), Three (3), Four (4), Five (5), Six (6), Seven (7), Eight (8), Nine (9), Ten (10), and part of Eleven (11), all in Block Three (3); Lots One (1), Two (2), Three (3) and Four (4) in Block Four (4); and Lots One (1), Two (2), Three (3), Four (4), Five (5), Six (6) and Seven (7) in Block Five (5), all being in The Village Fifth Subdivision to the City of Grand Island, Hall County, Nebraska. (d) Declarant reserves the right to use any units owned by it as models, sales offices, and management offices. Until completion of sales by Declarant of all anticipated units in the condominium, the reservation of rights in this paragraph shall be applicable to any units added to the condominium. (e) Declarant reserves the right to have signs of any size and whatever nature advertising the condominium and easements through the common elements for the purpose of constructing additional units. ARTICLE VII. ALLOCATED INTEREST The allocated interest in reference to the undivided interest in the common elements and common expenses of the Association have been established upon a formula utilizing the square footage of each unit, including the attached garage, divided by the total square footage of all units. If additional units are added to the condominium, the same formula as herein set forth shall govern the allocated interests after an addition in reference to the undivided interests in the common elements and common expenses of the Association. Each unit is entitled to one (1) vote per unit and this formula shall also govern in the event that additional units are added to this condominium. The allocated interests are as follows: